Surfside condo collapse: Judge approves $1B+ deal in Champlain Towers class-action lawsuit

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Surfside condo collapse: Judge approves $1B+ deal in Champlain Towers class-action lawsuit
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Ninety-eight people died when the 12-story Champlain Towers South suddenly collapsed. It was one of the deadliest building failures in U.S. history.

SURFSIDE, Florida -- A judge gave final approval Thursday to a settlement topping $1 billion for victims of the collapse of a Florida beachfront condominium building that killed 98 people, one of the deadliest building failures in U.S. history.The decision by Miami-Dade Circuit Judge Michael Hanzman came a day before the one-year anniversary of the Champlain Towers South disaster in the Miami suburb of Surfside.

The deal sets up a $1.02 billion fund for people who lost family members in the collapse of the 12-story building, as well as those who suffered physical or mental injuries. Attorneys said another $200 million is available from the Champlain Towers condo association itself, including insurance. The process of determining the value of claims for the 98 deaths and any injuries will conclude by Aug. 26, Hanzman said. Each person who filed a claim by a July 18 deadline has a right to a private hearing before a judge, but that is not required.

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